Quarterly 20 EMA Supports.... Generally, stocks of good quality should take support at QEMA, all F&O stocks have tested QEMA 20 and bounced back (except Adani port) but this candle is not yet closed.
Have mentioned support for all the cash group stocks also.
Adani Total Gas - QEMA not available - MEMA - 2322 - Major support 1373 Adani Wilmar - Quarterly and monthly ema not available - Weekly 20 ema - 591, major support 391
As per Price Action Theory, this indicator is used by most.. let's see how this theory play here..